Bank of England to test financial system resilience to cyber attacks

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The Bank of England building is seen in central London March 20, 2008. Chief executives or senior directors from the "Big 5" banks -- HSBC , Royal Bank of Scotland , Barclays, Lloyds TSB and HBOS -- will meet BoE officials, including Governor Mervyn King, for a "regular exchange of views".
REUTERS/Toby Melville (BRITAIN)

LONDON (Reuters) - The Bank of England said it will carry out a test on Friday to gauge the financial sector’s ability to withstand a major cyber attack.

The BoE said that, in partnership with the finance ministry and the Financial Conduct Authority, it would host a one-day exercise on Nov. 9.

“The exercise will help authorities and firms identify improvements to our collective response arrangements, improving the resilience of the sector as a whole,” the BoE said in a statement.